Forum: Poser - OFFICIAL


Subject: OT: Icesave. Have you heard of it?

Vestmann opened this issue on Jan 09, 2010 · 12 posts


lmckenzie posted Sat, 09 January 2010 at 9:58 PM

Never heard of it, though I do seem to recall something about Iceland's economic woes and maybe something about Russian loans??? At any rate, being in the US of A, I wouldn't presume to lecture anyone else about fiscal responsibility :-) One problem I see is that here, and I presume in most places, the average citizen knows next to zero about economics. You're licky if the schools teach how to balance a checkbook. As a result, the people are at the mercy of the politicians and the plutocrats when it come to decision making, the haven't got a clue what it all means - even more so than in most matters.  I will say that the notion that any enterprise involving large amounts of money can be trusted to regulate itself is beyond stupid.

As  Eric Hoffer said, "Every great cause, begins as a movement, becomes a business, and eventually degenerates into a racket." That's just the way the world works.

I hope you guys get it all worked out. Maybe you can sell some of the neat hydrogen technology you're developing.

"Democracy is a pathetic belief in the collective wisdom of individual ignorance." - H. L. Mencken